Business
Bernie Ecclestone No Longer Runs Formula One
In a new company structure, Liberty are expected to appoint two new executives under Carey, one to oversee the commercial side of F1 and the other to lead the sporting and technical aspects. Formula One now lacks a marketing department and has derived much of its revenue from television rights and race hosting fees, with Ecclestone making the deals.
Business
Sky Plc (LON:SKY) Receives Hold Rating From Liberum Capital Analysts
Finally, BNP Paribas reissued an underperform rating and issued a GBX 300 ($3.62) target price on shares of Ashmore Group plc in a report on Monday, November 21st. Barclays PLC is a global financial services holding company. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/01/22/inmarsat-plc-isat-given-new-gbx-1020-price-target-at-deutsche-bank-ag.html.
Business
OPEC, Russia 'Ahead Of Schedule' On Oil Output Cuts
A deal reached on December 10 between members of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers marked the first such pact since 2001. The JMMC further agreed on a number of stipulations, such as a production data report to be presented at the OPEC secretariat in Vienna each month, as well as the issuance of a monthly press release on the progress of the implementation of the production adjustment, OPEC said.
Business
Engineers Gate Manager LP Invests $1434000 in Bristol-Myers Squibb Co. (BMY)
Jennison Associates LLC boosted its stake in Bristol-Myers Squibb by 4.1% in the second quarter. The stock volatility for week was 2.05% while for month was 1.65%.The stock, as of last close, traded 1.07% to its 52 week low and was changed -35.30% from its 52 week high.
Business
Analyst Research Summary: General Electric Company (NYSE:GE)
Capital World Investors boosted its stake in Emerson Electric by 58.3% in the second quarter. The company shows its Return on Assets (ROA) value of 1.1%. The ex-dividend date of this dividend is Thursday, December 22nd. That's pretty decent by admittedly stingy contemporary standards - compare yields on such mainstream equity-income ETFs as 2.12% for Vanguard Dividend Appreciation ETF (NYSE: VIG); 3.05% for iShares Select Dividend ETF (NYSE: DVY); 2.89% for Schwab US Dividend Equity ETF ...
Business
China's economy slows to 6.7 per cent, its lowest in 26 years
Fixed-asset investment rose 8.1 per cent past year, while retail sales, a barometer of consumption, gained 10.4 per cent, the statistics agency said. That was its lowest level for 26 years and the data betrayed the extent to which the final quarter performance was driven by fiscal spending and investment by state corporations amid record levels of bank lending.